When a couple divorces there are usually disagreements over who gets what. The parties take stock of their assets and try to figure out who gets the house, who gets what car, how retirement plans will be divided, and who gets the fine china. But assets aren’t the only thing that gets divided in a divorce, the parties also have to figure out who is going to pay what debts.
A hot topic on the issue of debt division is who pays back student loans. Often times, one spouse incurred substantial student loan debt and carried that into the marriage or incurred it during the marriage. It is also not uncommon for the party with little or lesser student loan debt to not be the main breadwinner of the family. So… Continue reading